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- IOS Daily - December 1 - TruCore and Dayton Street close IOS acquisitions
IOS Daily - December 1 - TruCore and Dayton Street close IOS acquisitions
TruCore buys Pensacola. DSP buys San Antonio. Mayback delivers new truck terminal. IOS map is live! Seven new IOS deals.
Maham Riaz & Matt H
December 01, 2023
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Now, let’s get to it.
NEWS ROUNDUP
ACQUISITION: TruCore buys Pensacola industrial with yard space. TruCore purchased a two-building, 77,845 SF heavy industrial campus on roughly eight acres at 3301 and 3329 Bill Metzger Lane. The buildings feature a 30-foot maximum clear height, two dock-high doors and four grade-level doors. The site is the North American HQ for Jupiter Bach, a manufacturer of components for turbines. The TruCore deal team included Zach Harris and Hunt Rose.
ACQUISITION: Dayton Street Partners acquires San Antonio IOS. DSP purchased 5889 FM 1346 in San Antonio, TX that contains 17.5 total acres. The site also offers two truck terminals with 61 doors and 7.3 acres of fenced and lit outdoor trailer parking. The site is fully occupied by four tenants and offers immediate access to the 1-10/I-410 interchange. Graham Stark with Newmark Zimmer and Kyle Kennan of Partners represented DSP.
READ: Here comes the next wave of industrial demand. “We have seen much higher inventory volumes, a lot more inventory to manage. Tenants are now much more methodological and try to get ahead of requirements.” -Alex Motiuk, Greek Real Estate Partners
HAVE YOU TRIED THE IOS MAP?
Now you can see the entire IOS landscape in a single interface. All of our listings, truck parking, IOS professionals (coming soon), along with sales comp and rent comp data. We are loading in new listings every day. Check it out here!
IOS BUY NEED
Northmarq has a 1031 client targeting industrial properties for acquisition. Reach out if you have a property that may fit the criteria:
Up to $36 million in total ($2-18 million per deal)
Short LTR Preferred
IOS, Small Bay Industrial, Brownfield, Power Plants, Port Related
Most markets nationally
All cash closing
IOS FOR SALE
FOR SALE: Glendale, AZ – 3.14 acre IOS sale-leaseback
Address: 5340 W Luke Ave Glendale, AZ 85301
Features: 50% asphalt/concrete paved, 2 points of ingress/egress with gates on Luke Ave and curb cut on Montebello Ave
Buildings: 11,400 SF office, 5000 SF canopy, 3000 SF metal shop building and 2,992 SF of warehouse
Zoning: M-2 (Heavy Industrial, City of Glendale)
Info: LINK
Asking Price: $4,800,000 | 2 Year Sale Leaseback | 7.5% Cap Rate
Broker: Max Schumacher at 480-214-9403 or Patrick Sheehan at 480-214-9405 or Jack Hansen at 480-214-9421
FOR SALE: Bellwood, IL - 3.02 acre IOS + 2.5 additional acres available separately
Address: 2400 Maywood Dr, Bellwood, IL 60104
Features: Paved, fenced, lit, power, electric plug-ins, video security, above ground fuel tanks, etc.
Close To: Minutes north of I-290 and 25th Ave interchange, close to I-294
Buildings: 48,000 SF HQ and shop maintenance facility
Zoning: I2 General Industrial
Info: LINK
Asking Price: $5,700,000
Broker: Jeffrey Locascio at 708-705-3857 or Chris Wilbur at 708-860-8589
FOR SALE: Philadelphia, PA – 3.01 acre IOS
Address: 323 Unruh Ave, Philadelphia, PA 19111
Close To: 6 miles to Port of Philadelphia
Zoning: I2 & RSA-3
Info: LINK
Asking Price: $3,250,000
CAMPS BAY POWER PLAY
Reminder to vote! Lee Sager with Camps Bay is running a series of IOS polls to collect and report data back to the IOSList community. Camps Bay is a capital markets advisory and consulting firm working with sponsors in the IOS space. To vote: click here, and we’ll report results in the coming weeks:
IOS FOR LEASE
FOR LEASE: Gardena, CA – 2.52 acre IOS
Address: 555 W 189th St, Gardena, CA 90248
Features: 100% concrete, secured with guard shack
Close To: Immediate 110/405 Freeway access, proximate to Ports of Los Angeles & Long Beach
Zoning: M2 (Zoned for trailer storage use)
Info: LINK
Broker: James Hooks at 310-897-1789 or Bret Quinlan at 310-408-8696 or John Schumacher or 310-489-1439 or Jenny Edwards at 310-745-7506
FOR LEASE: Ontario, CA – 9.02 acre IOS
Address: 2777 E. Cedar Street, Ontario, CA 91761
Features: Brand new 90 trailer parking storage yard, full height concrete screen and secured yard area (fully paved and lit), full building rehab near completion
Close To: I-10, I-15 and CA-60 Freeways and Ontario International Airport
Buildings: 108,642 SF building with 3,658 SF fully remodeled office space, 16 dock high doors with pit levelers and dock seals, ESFR sprinkler system (K-25 heads @ 15 psi), 800 AMPS, 277/480 volts (verify)
Zoning: IND (Industrial)
Info: LINK
Broker: John Seoane at 909-373-2946 or Tom Walrich at 972-934-4002
FOR LEASE: Orlando, FL – 5.2 acre IOS
Address: 11622 Boggy Creek Road, Orlando, FL 32824
Features: 100% stabilized, fenced, and lit
Close To: SR 417, SR 528, I-4, Florida Turnpike and Orlando International Airport
Buildings: 1,920 SF office and 800 SF office/potential conversion to shop
Zoning: Ind-1/Ind-5 (Orange County, allows outdoor storage by right including equipment rent, truck parking, and contractors offices)
Info: LINK
Rental Rate: $39,000/month NNN
Broker: Derek Riggleman at 321-281-8507
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